Cisco Systems (CSCO) Stock Falls After Hours Despite Strong Q4 Earnings Beat
TLDR
- Cisco reported Q4 adjusted EPS of $1.22 on revenue of $17.3 billion, beating estimates of $1.17 EPS and $16.8 billion revenue
- Networking revenue rose 28% year over year to $9.79 billion, ahead of the $9.66 billion expected
- Full-year fiscal 2026 AI infrastructure orders hit $9.3 billion, topping the companyโs own $9 billion target
- Fiscal 2027 guidance of $72.2-$73.4 billion in revenue and EPS of $5.05-$5.11 both cleared analyst expectations
- CSCO stock fell around 4% after hours despite the beat, with gross margins dipping to 66.3% from 68.4% a year ago
Cisco Systems reported fiscal fourth-quarter results that beat Wall Street expectations on both the top and bottom line, but the stock still dropped in after-hours trading.
Adjusted earnings came in at $1.22 per share on revenue of $17.3 billion. Analysts had been expecting $1.17 per share on $16.8 billion in revenue.
Revenue was up 18% year over year. Total product revenue jumped 24% compared to the same quarter last year.
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